Sona Nanotech (XCNQ:SONA) Effective Interest Rate on Debt % : 13.95% (As of Jan. 2025)

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What is Sona Nanotech Effective Interest Rate on Debt %?

Effective Interest Rate on Debt % is the usage rate that a borrower actually pays on a debt. It is calculated as the positive value of Interest Expense divided by its average total debt. Total debt equals to Long-Term Debt & Capital Lease Obligation plus Short-Term Debt & Capital Lease Obligation. Sona Nanotech's annualized positive value of Interest Expense for the quarter that ended in Jan. 2025 was C$0.06 Mil. Sona Nanotech's average total debt for the quarter that ended in Jan. 2025 was C$0.40 Mil. Therefore, Sona Nanotech's annualized Effective Interest Rate on Debt % for the quarter that ended in Jan. 2025 was 13.95%.

Sona Nanotech Effective Interest Rate on Debt % Historical Data

The historical data trend for Sona Nanotech's Effective Interest Rate on Debt % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Sona Nanotech Effective Interest Rate on Debt % Chart

Sona Nanotech Annual Data

Trend

Oct14

Oct15

Oct16

Oct18

Oct19

Oct20

Oct21

Oct22

Oct23

Oct24

Effective Interest Rate on Debt %

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1.96

1.49

8.64

11.97

10.83

Sona Nanotech Quarterly Data
	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24	Apr24	Jul24	Oct24	Jan25
Effective Interest Rate on Debt %	Get a 7-Day Free Trial															14.14	14.36	14.56	-8.15	13.95

Competitive Comparison of Sona Nanotech's Effective Interest Rate on Debt %

For the Diagnostics & Research subindustry, Sona Nanotech's Effective Interest Rate on Debt %, along with its competitors' market caps and Effective Interest Rate on Debt % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Sona Nanotech's Effective Interest Rate on Debt % Distribution in the Medical Diagnostics & Research Industry

For the Medical Diagnostics & Research industry and Healthcare sector, Sona Nanotech's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where Sona Nanotech's Effective Interest Rate on Debt % falls into.

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Sona Nanotech Effective Interest Rate on Debt % Calculation

Sona Nanotech's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Oct. 2024 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: Oct. 2023 )	+	Total Debt (A: Oct. 2024 ))	/ count )
=	-1 * -0.05	/	( (0.528	+	0.395)	/ 2 )
=	-1 * -0.05	/	0.4615
=	10.83 %

where

	Total Debt (A: Oct. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.528	+	0
=	0.528

	Total Debt (A: Oct. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.395	+	0
=	0.395

Sona Nanotech's annualized Effective Interest Rate on Debt % for the quarter that ended in Jan. 2025 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Oct. 2024 )	+	Total Debt (Q: Jan. 2025 ))	/ count )
=	-1 * -0.056	/	( (0.395	+	0.408)	/ 2 )
=	-1 * -0.056	/	0.4015
=	13.95 %

where

	Total Debt (Q: Oct. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.395	+	0
=	0.395

	Total Debt (Q: Jan. 2025 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.408	+	0
=	0.408

In the calculation of annual Effective Interest Rate on Debt %, the Interest Expense of the last fiscal year and the average total debt over the fiscal year are used. In calculating the quarterly data, the Interest Expense data used here is four times the quarterly (Jan. 2025) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.

Sona Nanotech (XCNQ:SONA) Effective Interest Rate on Debt % Explanation

Effective Interest Rate on Debt % measures the usage rate that a borrower actually pays on a debt.

Sona Nanotech Effective Interest Rate on Debt % Related Terms

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Sona Nanotech Business Description

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GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Diagnostics & Research » Sona Nanotech Inc (XCNQ:SONA) » Definitions » Effective Interest Rate on Debt %

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SNANF:USA

Address

1969 Upper Water Street, Suite 2001, Purdy’s Wharf Tower II, Halifax, NS, CAN, B3J 3R7

Website

https://www.sonanano.com

Sona Nanotech Inc. is a nanotechnology life sciences company, which is engaged in developing targeted hyperthermia therapy. The Company has developed multiple methods for the manufacturing of various types of gold nanoparticles (GNR). It is engaged in research and development of its technology for use in multiplex diagnostic testing platforms and various biomedical applications. The company's product includes Gemini and Saliva tests.

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